China’s economy made a solid start to the year, recording first quarter growth that surpassed expectations. But a recent slump in consumer spending and rising unemployment suggest much tougher months …
Tagged By financials
Beijing Crackdown Derails Alibaba’s Bid for Amazon-Size Profit
Beijing’s crackdown on the private sector has laid waste to that strategy. Alibaba’s core e-commerce operation is under siege from regulators, and its finance arm has been forced to pull back from …
China Merchants Bank suffers US$11 billion sell-off on news report top executive is assisting unspecified probe
China’s third-largest lender fell by the most since August 2015 amid a local media report that a top executive is assisting with an unspecified government probe.
‘In distress’: COVID lockdowns pose growing threat to China’s economy
China’s economy made a solid start to the year, recording first quarter growth that surpassed expectations. But a recent slump in consumer spending and rising unemployment suggest much tougher months …
China makes progress in defusing financial risks in 2021: Report
On Saturday, a new report was released stating that China’s financial sector has demonstrated its resilience amid challenges posed by external impacts and COVID-19, and that financial risks were …
Former Chinese central bank chief says digital yuan is for retail transactions
Zhou Xiaochuan, the former governor of the People’s Bank of China, said in a speech on Saturday that the digital yuan is designed to focus on transactions for people and merchants and not to replace…
China turns focus on supply chains, pledging more financial aid
China is taking stronger measures to stabilise supply chains, pledging financial aid and possible exemptions to allow some businesses activity to resume, to help limit the damaging effect of Covid …
China stocks fall on COVID concerns, reserve ratio cut disappoints
Heightened global risks from the war in Ukraine, and the COVID lockdowns in China and a weak property market have roiled its financial markets, with authorities vowing to stabilise them and support …
Analysts see less room for China rate cuts after ‘conservative’ RRR cut
The smallness of a cut to the amount of money Chinese banks must hold in reserves may reflect concern by the Chinese central bank over inflation and U.S. monetary tightening, making further interest …
China stocks fall, unsupported by GDP, reserve-requirement cut
China stocks opened down on Monday, as market participants shrugged off a cut in the reserve requirement ratio that fell below their expectations, saying it might not be enough to reverse economic …
RPT-China data to show sharp March deterioration as COVID bites, but solid Q1 growth
China is expected to report a sharp deterioration in economic activity in March as COVID-19 outbreaks and lockdowns hit consumers and factories, although first-quarter growth may have perked up due to …
Analysts say China’s lockdown could have economic fallout
Nearly 400 million people across 45 cities in China are under full or partial lockdown as part of China’s strict zero-Covid policy.
Virus threatens China’s economic growth
BEIJING: The mounting cost of China’s zero-Covid policy threatens to derail Beijing’s ambitious gross domestic product (GDP) target, analysts say, as supply chains snarl, ports face delays and …
